EĞİTİM, BİLİM, SOSYAL GÜVENLİK VE SAĞLIK HARCAMALARININ EKONOMİK BÜYÜMEYE ETKİSİ: AZERBAYCAN ÖRNEĞİ
THE EFFECT OF EDUCATION, SCIENCE, SOCIAL SECURITY AND HEALTH EXPENDITURES ON ECONOMIC GROWTH: A CASE OF AZERBAIJAN
Author(s): Polad ALİYEV, Serkan KunuSubject(s): National Economy, State/Government and Education, Social development, Health and medicine and law, Economic development, Socio-Economic Research, Sociology of Education
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: Azerbaijan; growth; social expenditures;
Summary/Abstract: The aim of this study is to analyze the effect of public education, science, social security and health expenditures on economic growth for the country of Azerbaijan. After the declaration of independence, the policies made in the economic field caused the Azerbaijani economy to make significant progress. In order to analyze the effect of public expenditures on economic growth, education, science, social security and health expenditures included in the budget of the Republic of Azerbaijan were determined and used as variables. Random Forest regression, ARDL boundary test and Toda - Yamamoto test were applied by using the fiscal and budget data of the State Statistics Committee of the Azerbaijan Republic for the period 1990-2021. As a result, it has emerged that these expenditures have a certain effect on economic growth, and both Wagner's law and Keynes hypothesis have been confirmed in many of them, and only one of these hypotheses has been confirmed in some.
Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Issue Year: 14/2023
- Issue No: 27
- Page Range: 249-275
- Page Count: 27
- Language: Turkish